Half sovereigns. Are they worth buying?

[CazLikesCoins]

With the state of gold prices these days I'm becoming attracted to buying fractionals especially half sovereigns - despite the additional premium over full sovs.

I quite like the idea of spending smaller amounts of cash yet still managing to keep the gold fever at bay  

Any thoughts?

Edited May 10, 2023 by CazLikesCoins
typo

[James32]

8 minutes ago, CazLikesCoins said:

With the state of gold prices these days I'm becoming attracted to buying fractionals especially half sovereigns - despite the additional premium over full sovs.

I quite like the idea of spending smaller amounts of cash yet still managing to keep the gold fever at bay  

Any thoughts?

Great option, especially if gold is heading where we think it's heading in next 5 years. 

They often pop up at half the price of a full on here, £400/£200 respectively. So really not if any premium over their counterpart at all. ( obviously dealers are different)

 

[SeatonKev]

Worth keeping a eye on what's selling at auction. Half sovereigns seem to go unnoticed by a lot of buyers. There was loads sold last week at a coin auction for spot or below, even with the 26 percent buyers fees added. 

[SeverinDigsSovereigns]

Bullion is bullion and it's the gold content that matters. But 1 sovereign is already fractional (bit under 1/4oz) and many people mix them with quarter eagle, quarter Brits, etc.

If you are talking about collectable coins most would prefer £1 and £5 if not completing a set. At least you know £1/2 were once circulated and have no obvious downsides. £1/4 pieces are a modern invention and are a bit unnoticeable. Not to mention the £1/8 jokes from the likes of Hattons of London and London Mint Office. Even from serious mints there are 1/40oz coins which are completely pointless.

[CazLikesCoins]

4 minutes ago, James32 said:

Great option, especially if gold is heading where we think it's heading in next 5 years. 

They often pop up at half the price of a full on here, £400/£200 respectively. So really not if any premium over their counterpart at all. ( obviously dealers are different)

 

I'm thinking same thoughts. A 'To da' moon' scenario whereby even 1/10ths become lucrative. Perhaps a few fractionals are a good investment after all thus tamping down the fever and having a few pennies left over to keep the heat on and eat once in a while. What am I thinking! What's eating? Where's the sovs at!  

1 minute ago, SeatonKev said:

Worth keeping a eye on what's selling at auction. Half sovereigns seem to go unnoticed by a lot of buyers. There was loads sold last week at a coin auction for spot or below, even with the 26 percent buyers fees added. 

I'm a frog of few ponds. That way I don't get eaten by randoms selling chocolate coins. I even get put off of slabbed coins if the scratches don't match up on the website pix lol.

[CazLikesCoins]

9 minutes ago, SeverinDigsSovereigns said:

Bullion is bullion and it's the gold content that matters. But 1 sovereign is already fractional (bit under 1/4oz) and many people mix them with quarter eagle, quarter Brits, etc.

If you are talking about collectable coins most would prefer £1 and £5 if not completing a set. At least you know £1/2 were once circulated and have no obvious downsides. £1/4 pieces are a modern invention and are a bit unnoticeable. Not to mention the £1/8 jokes from the likes of Hattons of London and London Mint Office. Even from serious mints there are 1/40oz coins which are completely pointless.

I don't usually bother with collectibles. Finding buyers who will spend extra on some coins I spent ££££s on because I happen to like the jib of a tiny crown on a long dead queen makes my stress levels rise just thinking about it. Bullion all the way.

[JamesH]

I started picking up half sovereigns over the last few months for exactly this reason. Todays ‘affordable’ sovereign for the masses may become a little less attainable in years to come and half Sovs  may fulfil that requirement (as well as satiating your need to buy more gold 🤣)

[CazLikesCoins]

4 minutes ago, JamesH said:

I started picking up half sovereigns over the last few months for exactly this reason. Todays ‘affordable’ sovereign for the masses may become a little less attainable in years to come and half Sovs  may fulfil that requirement (as well as satiating your need to buy more gold 🤣)

Exactly. I think I'm on a sliding scale inevitably heading towards a 1 gram bar.  

[James32]

3 minutes ago, CazLikesCoins said:

Exactly. I think I'm on a sliding scale inevitably heading towards a 1 gram bar.  

Don't rule out grated "not graded" gold. 

[CazLikesCoins]

1 minute ago, James32 said:

Don't rule out grated "not graded" gold. 

I'll be peeling the gold leaf off Elizabeth Duke jewellery by Christmas  

[CANV]

they will be bringing out the 9 carat sov soon. the balance made up with eco friendly hemp 

[Foster88]

As the gold price continues to rise half sovereigns will be in high demand.

Its better to have a half of something than a half of nothing if it fulfils your gold buying goals.

Either that or we’ll all be cutting full sovereigns in half to sell like they did in Medieval times with hammered coins.

[CazLikesCoins]

12 minutes ago, Foster88 said:

As the gold price continues to rise half sovereigns will be in high demand.

Its better to have a half of something than a half of nothing if it fulfils your gold buying goals.

Either that or we’ll all be cutting full sovereigns in half to sell like they did in Medieval times with hammered coins.

At this rate we'll be selling capsules that once held a sov to eager purchasers wanting a sniff of where gold once lay. Bit like buying autographs or Madonnas old knickers on eBay. Worthless yet profitable.

[Solachesis]

I've been tempted to pick some up, but so many are total clangers. Seriously what are people doing to Machin halves, they are not circulation coins but most look like they've gone through a blender. 

[SeverinDigsSovereigns]

10 minutes ago, Solachesis said:

I've been tempted to pick some up, but so many are total clangers. Seriously what are people doing to Machin halves, they are not circulation coins but most look like they've gone through a blender. 

Letting them slip through your fingers like sand. Not that I do this myself because I'm mainly 1oz and £1 sovereigns, but I imagine it's good fun, especially if you've already 20% up. I might buy a few dozens of quarter sovereigns just to play with, in the future anyway.

[CANV]

in ten years time we will be down to 1/16 ths

[Solachesis]

10 minutes ago, CANV said:

in ten years time we will be down to 1/16 ths

Hattons of London will be a trillion £ company, and feature in the FTSE 100

[CANV]

Just now, Solachesis said:

Hattons of London will be a trillion £ company, and feature in the FTSE 100

we will all be pound trillionaires. and it will be the FTSE 10,000.  but a pint of milk will cost 92,000 digital credits 

[CazLikesCoins]

15 hours ago, CANV said:

we will all be pound trillionaires. and it will be the FTSE 10,000.  but a pint of milk will cost 92,000 digital credits 

But you'll only be able to buy it within 0.8km of your registered housing cubicle and it will expire within 6 hours. The reminder to be recycled into insect toppings to keep what's lefty of your body after implants and vaccines in a semi nutritional state. All will swear allegiance to Satan by way of the 666 hand nodule or face starvation and homelessness. Mass panic, mass migration, lockdowns, jabs killing millions. Not much difference then lol.

Costco, membership implants, overpriced digital sovs displayed on screens instead of cabinets, nothing tangible, nothing edible nothing buyable, chips in hands, chips in heads, chips in bums, but no 'kin chips in their freezers why? Because we're all eating bugs that's why! 

 

...... 🤪

 

Edited May 11, 2023 by CazLikesCoins
Costco upgrade

[James32]

18 minutes ago, CazLikesCoins said:

But you'll only be able to buy it within 0.8km of your registered housing cubicle and it will expire within 6 hours. The reminder to be recycled into insect toppings to keep what's lefty of your body after implants and vaccines in a semi nutritional state. All will swear allegiance to Satan by way of the 666 hand nodule or face starvation and homelessness. Mass panic, mass migration, lockdowns, jabs killing millions. Not much difference then lol.

Someone get this girl a coffee ffs lol

[Solachesis]

2 minutes ago, James32 said:

Someone get this girl a coffee ffs lol

Gold from Costco: not even once.

[SeverinDigsSovereigns]

42 minutes ago, CazLikesCoins said:

But you'll only be able to buy it within 0.8km of your registered housing cubicle and it will expire within 6 hours. The reminder to be recycled into insect toppings to keep what's lefty of your body after implants and vaccines in a semi nutritional state. All will swear allegiance to Satan by way of the 666 hand nodule or face starvation and homelessness. Mass panic, mass migration, lockdowns, jabs killing millions. Not much difference then lol.

Or indeed millions of low hopeless homeless and helpless parroting puppet Frankenstein master race earphone radio slavery of the Worldwide Mad Deadly Communist Gangster Computer God [Francis E. Dec, 1971-1985]

 

[CazLikesCoins]

1 hour ago, James32 said:

Someone get this girl a coffee ffs lol

I've had a pint already. Where do you think this tripe comes from lol 😂

My smiley like thingy isn't working so no one gets any likes today till it does. Ner

Edited May 11, 2023 by CazLikesCoins

[CazLikesCoins]

1 hour ago, Solachesis said:

Gold from Costco: not even once.

I forgot about Costco. I'm gonna go back re-edit my comment  

[CazLikesCoins]

Check out my upper-rare  Ghost Smiley. I'm putting it up for auction 8pm tonight.